Florida Institute Of Certified Public Accountants
- Assets
- $19.9m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Tallahassee, FL
- Founding
- 01/1943
- Data as of
- 06/2021
- EIN
- 59-0578470
Organization Overview
Florida Institute Of Certified Public Accountants is located in Tallahassee, FL. The organization was established in 1943. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2021, Florida Institute Of Certified Public Accountants employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Institute Of Certified Public Accountants is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Florida Institute Of Certified Public Accountants generated $7.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $5.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE DIVERSE NEEDS OF OUR MEMBERS; ENHANCE THEIR COMPETENCY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CPE CLASSES HELD THROUGHOUT THE STATE FOR BOTH MEMBERS AND NON-MEMBERS
THE INSTITUTE ADVOCATES FOR FLORIDA CPAS. THE INSTITUTE PLAYS A KEY ROLE IN PROTECTING THE INTERESTS OF ALL CPAS THROUGHOUT THE STATE OF FLORIDA.
THE INSTITUTE PROVIDES A QUALITY REVIEW SERVICE IN CONJUNCTION WITH REQUIREMENTS SET FORTH BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. FOR ONGOING QUALITY REVIEWS OF CPA FIRMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Curry President And CEO - Former | 40 | $273,628 | |
Donna Son Chief Operating Officer | Officer | 40 | $189,406 |
Jeff Conway Chief Financial Officer | Officer | 40 | $140,339 |
Paul Brown Director Of Technical Review | 40 | $120,822 | |
Justin Thames Director Of Gov Affairs | 40 | $104,736 | |
Shelly Weir President And CEO | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Surgent Edu Service Provider | 6/29/21 | $123,921 |
Blue Ocean Ideas Llc Media/agency/market. | 6/29/21 | $596,395 |
Bpn Inc Edu Service Provider | 6/29/21 | $205,323 |
The Florida Bar Edu Co-sponsor | 6/29/21 | $106,096 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,429,469 |
| Investment income | $308,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,677 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,962,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $228,351 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $418,957 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,221,414 |
| Pension plan accruals and contributions | $85,914 |
| Other employee benefits | $349,077 |
| Payroll taxes | $205,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,855 |
| Fees for services: Accounting | $27,089 |
| Fees for services: Lobbying | $123,029 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,341 |
| Fees for services: Other | $640,276 |
| Advertising and promotion | $65,057 |
| Office expenses | $185,616 |
| Information technology | $382,017 |
| Royalties | $0 |
| Occupancy | $420,025 |
| Travel | $45,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,954 |
| Insurance | $47,042 |
| All other expenses | $77,449 |
| Total functional expenses | $5,891,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,944,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,829 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $269,054 |
| Net Land, buildings, and equipment | $1,192,920 |
| Investments—publicly traded securities | $16,248,166 |
| Investments—other securities | $0 |
| Investments—program-related | $38,342 |
| Intangible assets | $0 |
| Other assets | $21,735 |
| Total assets | $19,860,693 |
| Accounts payable and accrued expenses | $519,637 |
| Grants payable | $0 |
| Deferred revenue | $1,705,970 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,225,607 |
| Net assets without donor restrictions | $17,577,465 |
| Net assets with donor restrictions | $57,621 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,860,693 |
Endowment Analysis
| Beg. Balance | $1,996,860 |
| Earnings | $358,604 |
| Net Contributions | $73,381 |
| Ending Balance | $2,428,845 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern States Police Benevolent Association Inc Mcdonough, GA | $14,043,615 | $16,142,933 |
International Longshoremens Assn S Fl Ila Container Royalty Fund Miami, FL | $14,989,550 | $15,311,387 |
Seafarers International Union Of North American Dania Beach, FL | $23,905,405 | $12,764,369 |
Alabama Farmers Federation Inc Montgomery, AL | $51,185,897 | $13,567,426 |
Florida Police Benevolent Association Inc Tallahassee, FL | $14,595,593 | $11,620,647 |
United Teachers Of Dade Miami Springs, FL | $14,323,353 | $11,858,827 |
International Brotherhood Of Teamsters Atlanta, GA | $23,489,965 | $15,555,730 |
United Food And Commercial Workers International Union Suwanee, GA | $6,071,667 | $10,158,607 |
American Federation Of Teachers Tamarac, FL | $9,473,418 | $9,327,723 |
Georgia Poultry Improvement Association Incorporated Gainesville, GA | $416,382 | $8,139,653 |
Southeastern Carpenters Regional Council Augusta, GA | $21,290,027 | $10,060,840 |
International Longshoremens Association Savannah, GA | $24,720,691 | $10,565,303 |